The Panama Canal Authority announced plans to reduce shipping traffic as an El Niño-fueled drought has lowered water levels, impacting global maritime trade.

Panamanian police arrested the former director of the Central American state's canal authority on Wednesday as part of an investigation into 'unjustified enrichment.' He had notably extended the validity of a concession.

The Panama Canal authority has announced plans to cap daily transits, anticipating a severe El Niño phenomenon that could impact water levels and shipping operations.

The Panama Canal Authority announced that it does not intend to impose restrictions on ship transit for the remainder of the year.

The Panama Canal authority states that auction slots exceeding $1 million reflect a temporary surge in demand for transit.

The Panama Canal Authority plans to cap daily transits in anticipation of a severe El Niño phenomenon, which is expected to impact water levels.

The Panama Canal Authority announced that transit fees for some ships have skyrocketed, with the average price for a last-minute auction increasing from $135,000 to $385,000...

The Panama Canal authority has downplayed reports of a $4 million payment made in an auction to bypass queues, amidst increased traffic.